alt Hacker NewsBinance fired employees who found $1.7B in crypto was sent to Iran
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Contrary to a lot of comments here, the only way to use bitcoin (or any cryptocurrency) without tracking is to mine it yourself, and even then...
Where did you get it? Purchased/transferred? Where did they get it? What else did the person with that wallet do?
If the answer is "mined", even then, you have to actually do something with it, right? Buy something? Where is that something shipped? At worst you'll have to pay customs on it, and have it actually get through customs. At best, your address is in a database now.
Have it shipped somewhere obscure? Video cameras are everywhere. Have it shipped to someone else's house and steal it off their porch? Again, cameras everywhere.
Not have a physical item? Just a service? That's pretty much the closest you'll get to anonymous money transfer and full usage (along with whatever VPN you prefer).
Cool that was a fun mental exercise. Now everyone tell me why I'm wrong!
If one of two options can't be regulated or tracked, that is the option that will predominantly be used by actors who have outsized interest in being regulation or being tracked.
Remember that the CEO of Binance was pardoned by Trump after pleading guilty to financial fraud.
The article title doesn't say "Fired". The HN title is kind of misleading.
Isn't this like the #1 use case for crypto?
Everyone wants an untrackable unblockable currency that is out of government control until the day it is used for things they don't like, then suddenly "government please control this!"